Cardiac Microcatheter Market is expected to reach US$ 487.20 million by 2028

Publisher: The Insight Partners

Coronary Segment to Lead Cardiac Microcatheter Market During 2023–2028

According to our latest study on "Cardiac Microcatheter Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Indication, and End User," the market was valued at US$ 332.97 million in 2022 and is projected to reach US$ 487.20 million by 2028; it is estimated to record a CAGR of 6.8% from 2023 to 2028. The report highlights the key factors driving the cardiac microcatheter market growth and prominent players with their developments. The market growth is primarily attributed to Increasing prevalence of cardiovascular diseases and growing use of percutaneous coronary intervention (PCI) for treating chronic total occlusions (CTO).

The COVID-19 outbreak has severely impacted the flow of medical services. In addition, the countries are popular for medical tourism, which is also affected by the pandemic. The countries imposed several restrictions on trade, which hampered the healthcare industry at global level. Moreover, developing countries are significantly dependent on the developed countries and regions such as US and European countries for their medical resources. The government saw the COVID-19 health problem undergoing different stages, which led to extended social confinement scenarios. However, the real impact of the COVID?19 pandemic on cardiovascular medicine in concerning variations in diagnoses and treatments is complex to measure. There was a decline in cardiac surgeries during the pandemic. According to an article published in the National Library of Medicine, in 2021, the number of cardiac surgeries performed in Argentina declined to 1,578 cases in 2020 and 2,105 cases in 2019. Thus, cardiovascular procedures decreased during the COVID-19 phase, which slightly impacted the cardiac microcatheter market. However, the impressive infrastructure and excellent medical training in cardiac surgery and interventional cardiology boosted the growth of cardiac microcatheter during the post-pandemic period.

Cardiac Microcatheter Market, by Geography, 2022 (%)

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Based on indication, the cardiac microcatheter market is bifurcated into coronary and general peripheral vascular. The coronary segment held the larger market share in 2022. However, the same segment is anticipated to register the higher CAGR of 6.9% in the market during the forecast period. The market growth for the segment is attributed to the rising use of ongoing advancement in microcatheter technology have led to the development of newer generations of catheter with improved features such as better trackability, flexibility, and push-ability. These advancements contribute to the growing adoption of microcatheter in interventional cardiology. The use of microcatheter generally involves smaller incision, resulting in reduced patient discomfort and quicker recovery times compared to traditional open-heart surgeries. This makes them an attractive option for patients who are not suitable candidates for invasive procedures or who prefer less invasive treatment options. Therefore, the above-mentioned factors will boost the cardiac microcatheter market growth during the forecasted period.

Boston Scientific Corp, Teleflex Inc, Medtronic Plc, OrbusNeich Medical Group Holdings Ltd, Asahi Intecc USA Inc, Merit Medical Systems Inc, Nipro Corp, Terumo Corp, Tokai Medical Products Inc, Integer Holdings Corp. are among the leading companies operating in the cardiac microcatheter market.

The report segments the cardiac microcatheter market as follows:

Based on indication, the cardiac microcatheter market is bifurcated into general peripheral vascular and coronary. Based on end user, the cardiac microcatheter market is segmented into hospitals, specialty clinics, ambulatory surgical centers. By geography, the cardiac microcatheter market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, Turkey, Algeria, Qatar, Morocco, Egypt, and the Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

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